| Jan'20 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||||
Net income | |||||||||||
262,900 | 156,300 | 109,000 | 120,500 | 127,600 | 194,800 | 200,500 | 124,800 | 188,200 | 108,500 | -29,300 | 187,900 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||||
Loss on extinguishment of debt | |||||||||||
0 | -4,600 | 0 | 0 | -900 | 0 | 0 | - | - | -31,900 | -1,100 | - |
Impairment of goodwill and long-lived assets | |||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - |
Gain on sale of business, net of tax expense of $17.3 in 2015 | |||||||||||
- | - | - | - | 40,000 | 0 | 0 | - | -22,600 | - | - | - |
Goodwill impairment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 100,000 | - |
Depreciation | |||||||||||
37,200 | 31,700 | 28,200 | 27,900 | 23,800 | 24,000 | 22,100 | 22,500 | 22,100 | 22,500 | 24,100 | 24,900 |
Amortization of intangible assets | |||||||||||
35,000 | 37,300 | 36,100 | 37,600 | 25,400 | 11,700 | 8,000 | 10,000 | 11,400 | 11,300 | 13,000 | 9,700 |
Stock-based compensation | |||||||||||
20,000 | 18,900 | 18,100 | 16,500 | 14,500 | 13,800 | 13,600 | 14,600 | 11,100 | 16,700 | 15,200 | 18,200 |
Deferred income taxes | |||||||||||
41,400 | 1,600 | -13,600 | -700 | -5,900 | 25,700 | 22,300 | -9,400 | 7,200 | 21,600 | -1,600 | -8,000 |
Accretion of debt discount | |||||||||||
- | - | - | 2,200 | 1,800 | 2,300 | 3,700 | 18,500 | 17,100 | 18,800 | 21,100 | 18,500 |
Amortization of deferred financing costs | |||||||||||
- | - | - | 2,400 | 2,000 | 0 | 1,700 | 2,500 | 2,500 | 2,700 | 2,900 | 1,600 |
Pension plan contributions | |||||||||||
6,300 | 7,400 | 27,400 | 29,000 | 37,700 | 16,800 | 15,300 | 57,400 | 20,200 | 16,900 | - | - |
Pension plan expenses | |||||||||||
6,400 | 4,300 | 10,500 | 20,800 | 11,400 | 4,600 | 16,700 | 41,000 | 16,400 | 16,700 | - | - |
Impact of tax legislation | |||||||||||
0 | -2,100 | 35,600 | 0 | 0 | - | - | - | - | - | - | - |
Impairment of intangible assets | |||||||||||
0 | 0 | 5,700 | 0 | 0 | - | - | - | - | - | - | - |
Excess income tax benefit from employee stock plans | |||||||||||
- | - | - | - | - | 5,800 | 1,600 | 3,100 | 6,900 | 5,400 | 700 | 10,200 |
Impairment of long-lived assets | |||||||||||
- | - | - | - | - | - | 1,700 | 48,500 | - | - | - | - |
Changes in current assets and liabilities, net | |||||||||||
Accounts receivable | |||||||||||
-66,600 | 170,600 | 54,200 | 32,600 | 5,900 | 102,900 | -36,900 | 23,400 | 97,200 | 136,000 | -149,400 | -87,800 |
Inventories | |||||||||||
-91,400 | 204,700 | 39,800 | 5,800 | 54,000 | 49,600 | -96,900 | -42,900 | 199,200 | 63,600 | -264,800 | 141,800 |
Accounts payable | |||||||||||
-224,200 | 245,300 | 58,500 | 102,400 | -15,300 | 54,900 | -19,900 | -4,500 | 75,100 | 166,100 | -107,300 | 68,800 |
Other current assets and liabilities, net | |||||||||||
7,100 | -28,000 | 10,000 | -21,800 | -31,100 | 49,000 | 53,500 | 86,300 | -95,600 | - | - | - |
Other, net | |||||||||||
12,600 | 2,300 | 100 | 6,300 | -1,000 | 3,500 | -700 | -1,700 | 0 | -300 | 11,800 | -5,200 |
Net cash used in operating activities | |||||||||||
227,900 | 137,700 | 183,800 | 279,100 | 92,500 | 104,200 | 334,500 | 142,900 | 145,800 | 195,200 | 440,900 | 125,000 |
Investing activities: | |||||||||||
Acquisitions of businesses, net of cash acquired | |||||||||||
0 | 150,100 | 0 | 4,700 | 822,500 | 418,400 | 0 | 55,300 | -1,600 | 36,400 | 1,800 | 180,300 |
Proceeds from sale of business | |||||||||||
- | - | - | - | 371,800 | 0 | 0 | - | 143,600 | - | - | - |
Capital expenditures, net | |||||||||||
40,000 | 42,400 | 41,100 | 32,600 | 28,600 | 40,300 | 32,200 | 34,200 | 26,400 | 19,600 | 21,900 | 32,400 |
Other | |||||||||||
-2,900 | -9,100 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||||
-37,100 | -183,400 | -41,100 | -37,300 | -479,300 | -458,700 | -32,200 | -89,500 | 118,800 | -56,000 | -23,700 | -212,700 |
Financing activities: | |||||||||||
Proceeds from borrowings | |||||||||||
4,226,500 | 3,192,400 | 1,843,300 | 1,136,500 | 1,442,600 | - | 0 | - | - | - | - | - |
Repayments of borrowings | |||||||||||
4,425,000 | 3,082,400 | 1,884,000 | 1,327,900 | 1,116,500 | - | 0 | - | - | - | - | - |
Retirement of Notes due 2019 | |||||||||||
0 | 353,900 | 0 | 0 | 200,000 | 0 | 0 | - | - | - | - | - |
Proceeds from issuance of Notes due 2025 | |||||||||||
0 | 246,900 | 0 | 0 | 345,600 | - | 0 | 343,900 | 0 | - | 185,200 | - |
Proceeds from borrowings | |||||||||||
- | - | - | - | - | 1,550,400 | 1,761,200 | 1,339,000 | 1,023,700 | 1,029,200 | 316,500 | 1,119,100 |
Repayments of Canadian term loan | |||||||||||
0 | 0 | 100,200 | - | - | 1,734,200 | 1,608,900 | 1,548,300 | 1,073,100 | 778,000 | 716,700 | 922,800 |
Proceeds from Issuance of Canadian Term Loan | |||||||||||
- | - | - | - | 229,100 | 394,000 | 0 | 0 | - | - | - | - |
Repayments of Canadian term loan | |||||||||||
- | - | - | 83,700 | 45,100 | 32,300 | 0 | 0 | - | - | - | - |
Proceeds from issuance of term loan | |||||||||||
- | - | - | - | - | - | - | 0 | - | - | - | - |
Repayment of term loan | |||||||||||
- | - | - | - | 198,800 | - | - | - | - | - | - | - |
Retirement of Notes due 2013 | |||||||||||
- | - | - | - | - | - | 300,000 | 0 | 0 | - | - | - |
Payments for repurchase of warrants | |||||||||||
- | - | - | - | - | - | 19,200 | 0 | 0 | - | - | - |
Deferred financing costs | |||||||||||
0 | 2,900 | 0 | 0 | 6,700 | 2,300 | 1,200 | 1,500 | 4,200 | 300 | 6,700 | 500 |
Proceeds from stock options exercised | |||||||||||
4,700 | 1,500 | 5,000 | 2,400 | 0 | 7,200 | 8,100 | 3,400 | 13,400 | 8,700 | 2,500 | 10,100 |
Excess income tax benefit from employee stock plans | |||||||||||
- | - | - | - | - | 5,800 | 1,600 | 3,100 | 6,900 | 5,400 | 700 | 10,200 |
Payment of special cash dividend | |||||||||||
- | - | - | - | - | - | 165,700 | 151,400 | 900 | 111,000 | 300 | 700 |
Purchases of common stock for treasury | |||||||||||
- | - | - | - | - | - | - | 59,200 | 107,500 | 41,200 | 34,900 | 104,600 |
Retirement of Convertible Notes due 2033 - debt component | |||||||||||
- | - | - | - | - | - | - | - | 48,900 | 65,600 | 56,500 | - |
Retirement of Convertible Notes due 2033 - equity component | |||||||||||
- | - | - | - | - | - | - | - | 44,900 | 54,000 | 34,300 | - |
Retirement of Notes due 2014 | |||||||||||
- | - | - | - | - | - | - | - | - | 165,500 | 26,500 | - |
Other, net | |||||||||||
-2,100 | 0 | -200 | -600 | -1,000 | -1,700 | 0 | 2,200 | 0 | - | - | - |
Net cash provided by financing activities | |||||||||||
-195,900 | 1,600 | -136,100 | -273,300 | 449,200 | 385,700 | -324,100 | -68,800 | -235,500 | -172,300 | -371,000 | 110,800 |
Increase (decrease) in cash and cash equivalents | |||||||||||
-5,100 | -44,100 | 6,600 | -31,500 | 62,400 | 31,200 | -21,800 | -15,400 | 29,100 | -33,100 | 46,200 | 23,100 |
Effect of exchange rate changes on cash balances | |||||||||||
3,700 | 9,100 | -5,700 | -4,700 | -3,100 | 3,500 | -10,300 | -1,300 | -1,400 | - | - | - |
Cash paid for interest | |||||||||||
74,300 | 73,900 | 70,600 | 75,700 | 56,100 | 37,600 | 43,500 | - | - | - | - | - |
Cash paid for taxes | |||||||||||
87,100 | 88,400 | 76,400 | 63,400 | 103,500 | 117,000 | 82,000 | - | - | - | - | - |